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July News Roundup

July was another busy month in the Flatiron District with major commercial real estate transactions, new building renovations, and the opening of new ground floor businesses. Stay up to date with the latest Flatiron District news with the BID’s monthly roundup of notable highlights.

  • Earlier this month it was reported that the ownership of 61 West 23rd Street is changing hands. Taconic Investment Partners and the Italian family that owns luxury suiting company Ermenegildo Zegna purchased the seven-story, 50,000 square-foot building from the Drachman family for $65 million. It is one of the largest building sales to happen in the Flatiron District so far this year (via The Real Deal).
  • Winter Properties recently announced that it has begun redeveloping its mixed-use building at 3 East 28th Street. The building renovations are taking place under the direction of renowned architecture firm Morris Adjmi Architects, and will include state-of-the-art creative office and retail space (via Real Estate Weekly). 
  • July saw the opening of two exciting new ground floor businesses in the Flatiron District. Last week, Pondicheri, a popular all-day Indian eatery from Houston, opened its first NYC location at 15 West 27th Street. Pondicheri is currently serving breakfast, lunch, and pastries, and will start a more formal dinner service next month (via The New York Times). Also opening this month, was the Fujifilm Wonder Photo Shop at 176 Fifth Avenue. In addition to offering the latest Fujifilm products, the Wonder Photo Shop will also offer educational classes and installations (via Digital Trends).
  • The Flatiron District added to its impressive roster of tech companies as the neighborhood continues to draw both start-ups and established tech companies. Datorama is a growing global marketing analytics company that recently moved into their new headquarters at 43 West 23rd Street. Earlier this month, Datorama CEO Ran Sarig spoke about the growing data company and its decision to move to the Flatiron District (via AlleyWatch). Global investment management and data technology firm Winton Capital Management is the newest company to call the Flatiron District home as it recently signed a ten-year, 34,844-square-foot-lease at 315 Park Avenue South (via The Real Deal).
  • Gregg Schenker, President and Co-Managing Partner of ABS Partners Real Estate and Chairman of the Flatiron/23rd Street Partnership, was the subject of a profile in Real Estate Weekly this month. In the article, Mr. Schenker outlined his experience working in the world of NYC real estate and some of his proudest professional moments, including the purchase of a small interest in the Flatiron Building in the mid-1990s. 

Rendering of office renovations at 3 East 28th Street, via Winter Properties.


Happy #PiDay! Which Hill Country offering are you taking home?

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Happy #PiDay! Which Hill Country offering are you taking home? #discoverflatiron #FlatironFoodie #CanEveryDayBePiDay
4 days ago